Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

You get money at closing and then you refinance when rates go down.Anyone done this before?

I'll keep it fully furnished, so I can potentially charge more, especially since it’s also near a major hospital in Astoria and close to LGA.Do you think this plan is feasible?

In the city, closed sales were up 12.6%.

They will match effort for effort jumping on seller calls and helping you close deals, walk you through contracts, make connections to attorneys, etc.  

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

Having a real estate license, I would credit the commission payed out I would receive for being my own agent towards closing costs for the new property.

When I buy an occupied property, I introduce myself to the tenants on the day of closing; then, I inspect every unit within one week.

Usually when I close on a house, the insurance company sends out somebody to do a visual inspection.